I don't know which is more alarming, that Apple is being taken seriously as a potential disruptor to the car manufacturing industry, or that it is clearly spending a lot around this space and has something more than CarPlay in mind. Either way, this is going to fan the flames of speculation for a good while while industry watchers try to figure out what they are really up to.

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Buckle up Tesla - competition in the electric car market may soon get a whole lot fiercer with Apple reportedly preparing to enter the space.